Dow futures steady, GameStop sheds 18.8% after earnings

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Dow futures steady, GameStop sheds 18.8% after earnings
Credit: © Reuters.

Investing.com - U.S. stock futures were trading in a tight range during Wednesday's evening deals, after a mixed session among major benchmark averages as the recent AI-driven tech rally paused, while the Dow outperformed.

By 18:45 ET (22:45 GMT), Dow Jones futures , S&P 500 futures and Nasdaq 100 futures were each trading within a range of 0.1%.

Analyze the latest corporate earnings results with InvestingPro.

In extended deals, GameStop Corp (NYSE: GME ) fell 18.8% after the company reported Q1 losses of $0.14 per share versus expected losses of $0.12 per share while revenue came in at $1.24 billion versus $1.36B expected. The board also ousted Matt Furlong as chief executive and appointed Ryan Cohen as executive chairman.

HashiCorp Inc (NASDAQ: HCP ) lost 23.2% after reporting Q1 losses of $0.07 per share versus expected losses of $0.14 per share while revenue was reported at $138 million versus $133.13M expected.

Smartsheet Inc (NYSE: SMAR ) fell 19.2% after the company reported Q1 EPS of $0.18 versus $0.08 expected on revenues of $219.9M versus $214.1M expected.

Ahead in Thursday's session, market participants will be closely monitoring weekly jobless claims data, wholesale inventories , and the Fed's balance sheet .

During Wednesday's regular trade, The Dow Jones Industrial Average added 91.7 points or 0.3% to 33,665, the S&P 500 dipped 16.4 points or 0.4% to 4,267.5, and the Nasdaq Composite lost 171.5 points or 1.3% to 13,104.9.

On the bond markets, United States 10-Year rates were at 3.797%.

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